Issue - items at meetings - Proposed Hotel Development on Site Adjacent to Community Stadium

Joint report of the Executive Director for Finance & Resources and the Executive Director for Environment, Development & Housing (copy attached).

That the Committee authorise the Executive Director Environment Development & Housing, Executive Director Finance & Resources and Head of Legal Services to complete a leasehold agreement with TCSL for a hotel development on land adjacent to the Community Stadium and agree delegated powers be given to the Executive Director Environment Development & Housing, Executive Director Finance & Resources and Head of Legal Services to enter into this leasehold agreement with TCSL subject to Policy & Resources Committee agreeing the Heads of Terms summarised in section 7 below and  fully set out  in part 2 of this report.

107.1    The Committee considered a joint report of the Executive Director for Environment, Development & Housing and the Executive Director for Finance & Resources in relation to the Proposed Hotel Development on Site Adjacent to the Community Stadium. The report covered two areas of business outstanding between The Community Stadium Limited and the Council: payment for Highways works undertaken at the time of the construction of the stadium and a proposal submitted to the Council from The Community Stadium Limited to build a hotel on land adjacent to the Community Stadium.

107.2    Councillor A. Norman thanked the Chief Executive for the work that she had personally undertaken to reach this stage in the project and the negotiations.

107.3    Before the Committee formally voted on the recommendations consideration was given in the information listed in Part Two under agenda item 109; this information was noted.

107.4    The Chair then put the recommendations to the vote.

107.5    RESOLVED: That the Committee authorise the Executive Director Environment Development & Housing, Executive Director Finance & Resources and Head of Legal Services to complete a leasehold agreement with TCSL for a hotel development on land adjacent to the Community Stadium and agree delegated powers be given to the Executive Director Environment Development & Housing, Executive Director Finance & Resources and Head of Legal Services to enter into this leasehold agreement with TCSL subject to Policy & Resources Committee agreeing the Heads of Terms summarised in section 7 below and  fully set out  in part 2 of this report.